InterContinental at the London O2
The Buckinghamshire-headquartered hotel chain has seen sales soar despite challenging market conditions.
The InterContinental Hotels Group, which counts Holiday Inn and Crowne Plaza among its portfolio, saw revenue per available room rise by 2.3% in the third quarter.
This was boosted mainly by a rise in demand for travellers staying in Europe, where the group recorded a 7.1% rise in revenue per available room.
IHG had previously been affected by the terror attacks earlier in the year which had deterred many customers from traveling.
However, the group saw its growth in the American market slow down due to the impact of hurricanes Harvey and Irma with a rise in revenue of just 0.8%.
Keith Barr, chief executive of IHG, said: “We have delivered a good third quarter performance; RevPAR increased by 2.3% and net rooms growth of 4.1% was our strongest since 2010.
“We also signed hotels into our pipeline at the fastest third quarter rate since 2008, and have made an excellent start with our plans to accelerate the growth of our brands around the world.”
He added: “Looking ahead, despite macro-economic and geopolitical uncertainties around the world, we remain confident in the outlook for the remainder of the year.”
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